Citrix: Activist Target?

With lots of cash and a falling share price, Citrix Systems looks like an opportunity for activist investors. This options trade pays you to wait.

If this is the age of activist investors who target chubby companies to shake out more money, Citrix Systems (ticker: CTXS) is a likely target.

Shares of the enterprise software vendor have been sliding even though the company has $1.6 billion in cash ($8.50 per share), strong revenue growth, no debt and it is expected to generate $800 million in free cash in 2014, according to MKM Capital Partners.